Mike McCarthy's contract will put him among top 10 coaches

A new contract in the works for Green Bay Packers coach Mike McCarthy will move him into the top 10 among the highest-paid coaches in the NFL.

McCarthy will receive a three-year extension from the Packers that will ensure he is in Green Bay through 2015, according to Bob McGinn of the Milwaukee Journal Sentinel. McCarthy currently had two years remaining on his contract, but fresh off a victory in Super Bowl XLV, the team is going to reward him with a significant bump in pay.

Per McGinn, the new contract will average about $5 million per year. It’s an interesting report as McGinn breaks down the compensation for the top coaches in the league. By his account, Washington’s Mike Shanahan is tops in the business right now, earning about $7 million per year. Next are a collection of three coaches earning more than $6 million per year, including New England’s Bill Belichick, Philadelphia’s Andy Reid and Seattle’s Pete Carroll.

What follows, according to the report, are a group of coaches earning between $5 million and $5.25 million per year. That group, which McCarthy is joining, includes Arizona’s Ken Whisenhunt, Chicago’s Lovie Smith, New Orleans’ Sean Payton, the New York Giants’ Tom Coughlin and San Francisco’s Jim Harbaugh.

As McGinn notes, coaching salaries are actually dipping and teams seem hesitant to recruit and pay the big fish out there, Bill Cowher and Jon Gruden.

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Brad Biggs covers the Bears for the Chicago Tribune

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